Tuesday, March 25, 2014


News Links, March 26, 2014

## Global Ponzi meltdown/House of Cards ##
Germany's Bundesbank opens door to QE in Europe
Ukraine's Hryvnia Down 10 of Last 11 Days, Nearly Back to All-Time Low vs. US Dollar; Default Back in Play?
US now spending 26% of available tax revenue just to pay interest
Korea Exchange Launches Spot Gold Market
Australia's luck runs out as China slows
Reasons to be bearish on currency and country grow daily
Aussies home ownership now a pipedream
Brazil World Cup city 'may drop out'

## Airline Death Spiral ##
Airline Baggage Fees Deemed Too Drastic, Forces Travellers To Get Creative
Manston Airport could close as losses mount
Departing Lufthansa chief warns of threat posed by Gulf airlines
Struggling, Malaysian Airline may need government bailout

## Fault lines/flashpoints/powder kegs/military/war drums ##
US, allies seek to isolate Russia; Moscow shrugs
Russian Oil Seen Heading East Not West in Crimea Spat
The Crimean crisis is poised to reshape the politics of oil by accelerating Russia's drive to send more barrels to China, leaving Europe with pricier imports and boosting U.S. dependence on fuel from the Middle East.
Offshore Security Drives Gulf Naval Procurements
Gulf Cooperation Council (GCC) states are increasing security around their offshore oil infrastructure, due to an array of threats from sea-based dangers.
Kremlin partnership places BP at risk in Russia crisis
Ukraine defense chief resigns; most soldiers in Crimea expected to switch to Russia

## Global unrest/mob rule/angry people/torches and pitchforks ##
Relatives of Flight 370 victims protest in China
Global Unrest Does Affect U.S. Manufacturing

## Energy/resources ##
Brazil scrambles to avoid power rationing as costs soar
Oil Rigs Hit Highest Level in Decades
The number of oil rigs in operation hit a multi-decade high as productivity plateaus. The oil industry added 12 more rigs according to the most recent data from Baker Hughes, totaling 1,473 active rigs looking for oil. That is the highest level since Baker Hughes separated out rig counts for oil and natural gas in 1987... More recently however, productivity gains have slowed in the Eagle Ford, the Marcellus, and elsewhere. With drillers beginning to run up against the limits of efficiency gains, they will need to add more rigs if they want to lift production.
S&P cuts Petrobras, Eletrobas credit ratings to BBB-
S.Korea's 2014 gas demand to reach just below 41 mln T LNG -KOGAS CEO
South Korea takes on more Iranian crude
The South Korean government said Tuesday its February imports of Iranian oil more than doubled year-on-year to 8.1 million barrels.
ONGC, Russia's Rosneft may join forces on oil flows
Rosneft (ROSN.MM), the world's top listed oil producer by output, may join forces with Indian state-run Oil and Natural Gas Corp (ONGC.NS) to supply oil to India over the long term, the Russian state-controlled company said on Tuesday.
With Drop in Seasonal Rainfall, TCN Rations 3,400MW of Electricity (Nigeria)
Power reserve sought for Mindanao
NL Hydro Taking Steps to Avoid Repeating Blackout 2014
Miners Brave Congo's Warlord History as Demand for Tin Soars
Lithuania pleads for US gas exports to counter Russia
Shell Nigeria calls "force majeure" for exports
Asia needs all the gas it can get, Chevron says
Is shale running short on 'PowerBars'?
Oil and gas majors now cutting back in U.S. shale gas fields
US energy boom demands $641B in infrastructure, study finds
Libyan Oil Output Plunges to Six-Month Low as Elephant Halted
Transferable Skills Are A Must in Oil, Gas Industry's Labor Shortages

## Got food? ##
Meat Eaters Gulp Record Prices Before U.S. Grilling Peaks
Oxfam report: Climate change could prolong world hunger for decades
Brazil drought brews trouble for coffee farms
Pricier beef 'here to stay' as food costs seen higher: USDA
Record high beef prices due to nationwide cattle shortage

## Environment/health ##
EU predicts 'waste tsunami' if world fails to cut down trash
Record Cold Winter Wallops Already Struggling Bees
Canadian man in hospital with Ebola-like virus
Puppies on pot a growing hazard
Air pollution killed seven million people in 2012: WHO
E-cigarettes spawn poison sold by the barrel: Liquid nicotine
A dangerous new form of a powerful stimulant is hitting markets nationwide in the United States, for sale by the vial, the gallon and even the barrel.
World's 18 Most Water-Stressed Rivers
Scientists Gather to Finalize Dire Warning for Planet's Climate Future
The best reason to protect bats isn't environmental — it's economic

## Intelligence/propaganda/security/internet/cyberwar ##
Barack Obama 'to propose ending NSA's systematic sweep of phone records'
Editor in Asia Leaves Bloomberg News Citing Censorship
How to keep companies from tracking you online — for good

## Japan ##
Total Abenomics Fail Slams Japan Where It Hurts Most
Fukushima fishermen approve plan to release groundwater from plant
Radioactive Water Buildup Grows as 'Decontamination' System at Fukushima Fails Again
Japan lifts offshore wind tariff, cuts solar prices
Snowstorm payments to reach ¥100 billion
Djibouti may be used as hub for peacekeeping operations

## China ##
Hundreds rush to rural Chinese banks after solvency rumours
China Urbanization Loses Momentum as Growth Concern Deepens
China Became Largest Importer of Liquid Fuels in 2013
Das Capital: Chasing the debt dragon – China finds the credit habit hard to kick
China Internet Funds Called Vampires Draw Calls for Rules
5 Reasons Why Chinese "Stimulus" Hopes Are Overdone
Fed Holding a Needle to History's Largest Bubble (Hong Kong)

## UK ##
Fracking plans spark oil and gas well warning
Royal Mail to shed 1,600 staff
Fracking safety: report warns of 'significant unknowns'
Record numbers of parents fined for letting children skip schools
Honda to cut UK jobs on weak European car demand
Europe's new nuclear experience casts a shadow over Hinkley

## US ##
The Washington/Wall Street Big Lie: Counterfeit GDP Growth, Phony Cost-Of-Living Stats
Illinois Church Told by City Officials It Can No Longer Provide Homeless People Shelter
California seniors have highest poverty rate, study finds
Poll: Most say U.S. doesn't have a responsibility in Ukraine
Most Americans don't think the U.S. is obliged to intervene in the recent annexation by Russia of the Ukrainian territory of Crimea. A majority of 61 percent of Americans do not think the U.S. has a responsibility to do something about the situation between Russia and Ukraine, nearly twice as many as the 32 percent who think it does. There is widespread bipartisan agreement on this.
Americans Can't Retire When Bill Gross Sees Repression
Customs and Border Protection towers not just on the border
IRS Says Bitcoin Is Property, Not Currency
U.S. Navy receives third Joint High Speed Vessel
Five States Where Renters Can't Afford to Live
Congress reacts to spate of killings by Border Patrol agents

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